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Eagle Bulk Shipping shareholders expect to earn another high dividend in Q4, but then, the payout is expected to drop. EGLE's technicals, valuation and profitability trends all point to a rising share price.
Eagle Bulk Shipping Inc. (NASDAQ:EGLE ) Q3 2022 Results Conference Call November 4, 2022 8:00 AM ET Company Participants Gary Vogel - Chief Executive Officer Frank De Costanzo - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Benjamin Nolan - Stifel Liam Burke - B. Riley Financial Poe Fratt - Alliance Global Partners Clement Mullens - Value Investors Edge Operator Good day and thank you for standing by.
Eagle Bulk Shipping (EGLE) delivered earnings and revenue surprises of 6.26% and 5.62%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
High fuel costs are likely to have dented Eagle Bulk Shipping's (EGLE) bottom-line performance in third-quarter 2022.
Eagle Bulk is operating a modern fleet comprised of Ultramax/Supramax vessels. This modern fleet and the associated economic benefits allow the company to provide its shareholders with a hefty dividend.
Shipping rates are coming way down. That could spell trouble ahead.
STAMFORD, Conn., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE), one of the world's largest owner-operators within the midsize drybulk segment, announced today that it will report its financial results for the third quarter ending September 30, 2022, after the close of stock market trading on November 3, 2022. Members of Eagle Bulk's senior management team will host a call at 8:00 a.m. ET on Friday, November 4, 2022 in order to discuss company results and provide an update on market fundamentals.
It's a pretty mixed day on Friday as we trade through the last day of the third quarter. For most stocks, it hasn't been a great stretch, as the S&P 500 sits at fresh 2022 lows.
Eagle Bulk Shipping currently offers a very high dividend yield, near 19%. In August bulk shipping spot rates declined dramatically.
Eagle Bulk Shipping reports record net profits for the second quarter. Income statement & balance sheet trends point to more gains for shareholders.